Taking Stock: Manic Monday! Investors lose Rs 7.6 lakh cr; RBI says ready to act

Another Monday but the same old story. Tracking selloff in global markets, both the Sensex and the Nifty slipped below their crucial support levels on March 16. The Nifty hit a fresh three-year low while the S&P BSE Sensex had its worst day in 30 months.

The S&P BSE Sensex broke below 32,000 and the Nifty closed below its crucial support at 9,300.